Understanding the ‘Step-Up in Basis’ When Selling Inherited Assets

Inheriting an asset can be a mixed blessing. While it might signify a meaningful bequest from a loved one, it also comes with its own tax implications. One of the most significant tax features to understand when inheriting property is the “step-up in basis”. We often encounter clients who are unaware or confused about how […]

Facing the Future: Five Essential Tips for National Estate Planning Awareness Week

National Estate Planning Awareness Week, observed from October 17-23, 2023, is an annual reminder of the importance of planning for the future. This week prompts us to think critically about what lies ahead and how we can ensure the protection and well-being of our loved ones. Estate planning might sound complex and overwhelming, but it […]

How to Order a Death Certificate After a Loved One’s Passing

The loss of a loved one is always a challenging time. Amidst the emotional turmoil, there are several practical tasks that must be undertaken. One of the foremost among these is obtaining the deceased’s death certificate. I’m here to guide you through the process to make it as straightforward as possible. Why Do You Need […]

Estate Planning Considerations for Families with a Wide Age Gap Between Children

When there’s a significant age difference between your children, estate planning can require extra attention to detail. You’re not only considering their immediate needs but also forecasting the challenges each child may face at different life stages. Let’s discuss the nuances you should consider in such situations. 1. Education Funding If one child has already […]